Solyndra
Consumer HardwareUSAClosed 2011
Total Raised
$1.20B
Peak Valuation
Undisclosed
Employees
1,100
Year Collapsed
2011
Business model
Manufacturing cylindrical thin-film solar panels.
In brief
A solar panel manufacturer that received a $535 million loan guarantee from the US Department of Energy, Solyndra built an expensive, highly automated factory for its unique cylindrical panel design. A collapse in silicon prices made conventional flat-panel solar suddenly far che…
See the What Happened tab for the full account.
Key facts
- Founded
- 2005
- Closed
- 2011
- Headquarters
- Fremont, USA
- Industry
- Consumer Hardware
- Employees
- 1,100
- Revenue
- Undisclosed
- Founders
- Chris Gronet
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Often compared with: First Solar, SunPower, Canadian Solar.